USD/JPY has been consolidating for the past week as you can see the range has been shown in the blue area. Short positions are preferred, so do be on a lookout for break outs to the downside.
USDCAD shows Bearish momentum and it has struggle to remain on the upside. The crucial pivot will be 1.30148 level. If the breakout to this downside occurs prolong the sell :)
USDJPY Bears awakening? USD has been bullish for the past few weeks and it could run out of steam. USD/JPY shows signs of reversals on weekly and daily chart. We will see in the coming week if the bears are here
After much consolidation for the past few weeks, the bears are seen to be awoken from their hibernation. As long as 1.6555 holds on the weekly chart, bears are ready to continue downwards. Only problem is we wont know when during the week it would start. It could either retrace due to overselling or the sell off could start from Monday!. Remember to risk accordingly :)
Hello Traders, We seen enough consolidation for the past few weeks, there are now few hammers (candlesticks) finding support at the main monthly support, we could see the start of the bull this coming week
Otherwise, if price goes below the weekly pivot, we have to see a break in the main Monthly support, for the continuation of the bears